Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added
The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 24,150 2,900 $ 27,050 403,200 213,440 616,640 $ 643,690 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Direct Materials Conversion Units 2,500 Percent Complete 100% Percent Complete 20% 36,000 35,500 3,000 100% 60% Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs Equivalent units of production Cost per equivalent unit of production Direct Materials Units % Complete Costs EUP Conversion EUP % Complete EUP Direct Materials Costs EUP Conversion Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started